PUBLISHER: The Business Research Company | PRODUCT CODE: 2161039
PUBLISHER: The Business Research Company | PRODUCT CODE: 2161039
A low-code Internet of Things (IoT) application platform is a software platform that enables users to develop and deploy IoT solutions through visual development tools, drag-and-drop interfaces, and pre-built components with minimal coding requirements. It simplifies device integration, data management, workflow automation, and system connectivity, enabling faster development, enhanced scalability, and reduced technical complexity.
The primary components of low-code internet of things (IoT) application platforms include platforms and services. Platforms refer to software environments that allow users to develop, deploy, and manage internet of things applications with minimal manual coding. These platforms are deployed through cloud and on-premises models and are adopted by small and medium enterprises and large enterprises. The key applications include asset management, remote monitoring, predictive maintenance, smart manufacturing, smart home, and others, while the end-user industry verticals include banking, financial services and insurance, retail and e-commerce, government and defense, healthcare, information technology and telecommunications, energy and utilities, manufacturing, media, entertainment and gaming, and others.
Tariffs are influencing the low-code internet of things (IoT) application platform market by increasing the cost of imported servers, networking equipment, IoT gateways, sensors, and other hardware supporting IoT application deployments. This is raising implementation costs and potentially delaying IoT projects across asset management, remote monitoring, predictive maintenance, and smart manufacturing applications, particularly in regions dependent on imported technology such as Asia-Pacific, Europe, and Latin America. Hardware-dependent cloud and on-premises deployments may be affected through higher infrastructure and integration costs, while software providers face indirect pressure from increased customer deployment expenses. However, tariffs are also encouraging regional technology sourcing, domestic IoT infrastructure development, supply chain diversification, and greater investment in locally supported IoT ecosystems.
The low-code internet of things (IoT) application platform market research report is one of a series of new reports from The Business Research Company that provides low-code internet of things (IoT) application platform market statistics, including low-code internet of things (IoT) application platform industry global market size, regional shares, competitors with a low-code internet of things (IoT) application platform market share, detailed low-code internet of things (IoT) application platform market segments, market trends and opportunities, and any further data you may need to thrive in the low-code internet of things (IoT) application platform industry. This low-code internet of things (IoT) application platform market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The low-code internet of things (IoT) application platform market size has grown exponentially in recent years. It will grow from $7.75 billion in 2025 to $9.5 billion in 2026 at a compound annual growth rate (CAGR) of 22.5%. The growth in the historic period can be attributed to increasing deployment of IoT devices, rising demand for faster application development, growing shortage of skilled software developers, increasing need for IoT system integration, and rising adoption of connected business processes.
The low-code internet of things (IoT) application platform market size is expected to see exponential growth in the next few years. It will grow to $21.13 billion in 2030 at a compound annual growth rate (CAGR) of 22.1%. The growth during the forecast period can be attributed to increasing demand for scalable IoT application development, rising adoption of citizen developer platforms, growing deployment of connected industrial applications, increasing demand for rapid IoT solution customization, and expanding adoption of low-code development across enterprise environments. Major trends during the forecast period include increasing adoption of visual IoT application development tools, rising demand for drag-and-drop IoT solution development, growing use of pre-built IoT application components, increasing demand for simplified device integration, and rising adoption of low-code workflow automation for IoT applications.
The increasing digital transformation initiatives across industries are expected to drive the growth of the low-code internet of things (IoT) application platform market going forward. Digital transformation initiatives across industries involve the adoption of digital technologies to streamline operations, improve productivity, and facilitate data-driven business models. These initiatives are increasing due to the growing need for operational efficiency, as organizations implement digital technologies to automate processes, reduce costs, and enhance productivity. Low-code internet of things (IoT) application platforms facilitate digital transformation across industries by enabling the rapid development and deployment of connected applications, reducing development time while accelerating process automation and data-driven decision-making. For instance, in January 2026, according to the Organization for Economic Co-operation and Development (OECD), a France-based intergovernmental organization, 20.2% of firms reported adopting AI in 2025, compared with 14.2% in 2024 and 8.7% in 2023. Therefore, the increasing digital transformation initiatives across industries are driving the growth of the low-code internet of things (IoT) application platform market.
Major companies operating in the low-code internet of things (IoT) application platform market are focusing on developing innovative solutions such as customizable low-code IoT platforms with pre-built vertical solutions to accelerate IoT application development, enhance operational efficiency, and improve customer experience. Customizable low-code IoT platforms with pre-built vertical solutions are software platforms that allow users to quickly develop, deploy, and manage IoT applications through visual development tools and industry-specific templates with minimal coding requirements. For instance, in September 2024, Zoho Corporation, a US-based software company, launched Zoho IoT, a customizable low-code IoT platform with pre-built vertical solutions. The platform is designed to simplify IoT application development, deployment, and management across various industries. It provides benefits including rapid application development, seamless device integration, and customizable industry-specific templates. The launch is intended to help customers accelerate digital transformation, improve operational efficiency, and enhance customer experiences while supporting the increasing adoption of connected technologies and low-code application development.
In November 2024, Blynk Inc., a US-based low-code IoT software platform company, partnered with Shenzhen MOKO Technology Ltd. to provide integrated low-code LoRaWAN asset tracking solutions that simplify deployment, accelerate development, and enable scalable real-time asset monitoring across industries. Through this partnership, the companies aim to accelerate the deployment of low-code LoRaWAN-based asset tracking solutions while enhancing connectivity, scalability, and ease of IoT application development for enterprise users. Shenzhen MOKO Technology Ltd. is a China-based manufacturing company that provides electronics manufacturing services.
Major companies operating in the low-code internet of things (IoT) application platform market are Microsoft Corporation, Siemens AG, Salesforce Inc., Zoho Corporation Pvt. Ltd., PTC Inc., Appian Corporation, OutSystems Inc., Tulip Interfaces Inc., KaaIoT Technologies LLC, Blynk Inc., ThingsBoard Inc., Datacake GmbH, Litmus Automation Inc., TagoIO Inc., Ubidots Inc., ClearBlade Inc., FlowFuse Inc.
North America was the dominant region in the low-code internet of things (IoT) application platform market in 2025. Asia-Pacific is expected to be the rapidly growing region in the forecast period. The regions covered in the low-code internet of things (IoT) application platform market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the low-code internet of things (IoT) application platform market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The low-code internet of things (IoT) application platform market includes revenues earned by entities by providing services such as device lifecycle management, device provisioning and onboarding, and real-time data analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Low-Code Internet Of Things (IoT) Application Platform Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses low-code internet of things (iot) application platform market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for low-code internet of things (iot) application platform ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The low-code internet of things (iot) application platform market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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